JPMorgan cooks CB

US investment bank prepares CB for lunchbox provider Fu Ji Food.

Hong Kong listed Fu Ji Food raised HK$600 million $77 million after Monday's close from a debut CB. The catering company only listed on the exchange in December 2004, but has been a strong outperformer so far this year, rising 139.74% compared to roughly 25% for the Red chip index.

Investors are said to have liked the deal because it provides diversification away from India - offering a similar yield profile without a the...

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